Boohoo raises full-year outlook

On the back of positive performance during the first five months of the year and the start to August, the Boohoo board now anticipates that the results for the current year will be above expectations with increased sales growth of between 28 percent and 33 percent against previous guidance of 25 percent to 30 percent.

As a result of operating leverage in the business, the board currently anticipates improved EBITDA margins for the financial year. Boohoo further added that the demand has been robust and sales momentum in the first quarter has continued into the second quarter.

picture:boohoo.com